Buying property in Greece? Here’s how to pay safely in 2025

With its breathtaking coastline, historic cities, and the popular Golden Visa program, Greece attracts thousands of international property buyers every year. But sending large payments abroad is not the same as a regular bank transfer — it requires strict compliance with Greek and EU banking rules, as well as measures to protect your investment.

Explore our full range of global services to see how we help clients make secure, compliant property payments and other high-value transactions worldwide.

Why property payments to Greece require careful handling

Real estate transactions in Greece often involve multiple stakeholders — buyers, sellers, lawyers, notaries, and banks. Funds must be transferred in euros (EUR) and meet all anti-money laundering (AML) and know-your-customer (KYC) requirements. Without proper documentation and secure payment channels, your transfer may be delayed or rejected, potentially jeopardizing the deal.

Common scenarios for property payments

• New developments: Payments made in installments according to the construction schedule.
• Resale properties: A single large transfer upon signing the final deed (apofasi).
• Golden Visa investments: Transactions requiring proof of funds for residency application.

1. SWIFT bank transfers to Greek accounts

SWIFT is the most widely used method for property transactions in Greece. It allows direct transfers to the seller’s or notary’s account, with full traceability and proof of payment. To avoid delays, ensure that the beneficiary details match exactly with the property contract and that you include a precise payment reference.

2. Escrow accounts for buyer protection

Many lawyers and notaries in Greece offer escrow services, holding funds securely until all contractual terms are met. This method protects both buyer and seller and is especially recommended for off-plan purchases or transactions with unfamiliar parties.

3. Licensed agency-model transfers

For buyers facing restrictions in their home country or who prefer not to move currency control to a new bank, agency-model payments offer a compliant alternative. Licensed intermediaries handle the transfer while ensuring all documents meet Greek banking requirements.

4. Alternative payment routes

When direct transfers face delays or restrictions, funds can be routed via partner banks in third countries. This approach maintains legality while avoiding bottlenecks, especially useful for buyers from regions with limited banking access to Greece.

5. Cryptocurrency with regulated conversion

Some licensed intermediaries accept cryptocurrencies such as USDT or BTC and convert them into euros through Greek financial institutions. This offers flexibility for clients with digital assets, but all transfers must comply with AML and source-of-funds rules.

Required documentation for Greek property payments

To process your payment, Greek banks and notaries typically require:

• Signed property purchase contract
• Proof of identity (passport or ID)
• Source of funds documentation (bank statements, sale agreements, etc.)
• Payment reference matching the contract

Currency conversion and timing

Payments must be made in euros, but the timing of conversion can significantly impact costs. Licensed providers can lock in favorable exchange rates and help schedule transfers to minimize currency risk, especially for multi-stage payments.

Insurance and payment protection

For high-value property deals, optional payment insurance can protect against bank errors, sudden regulatory changes, or seller defaults. This is especially valuable for buyers who cannot be in Greece to oversee the transaction in person.

How to avoid common mistakes

• Sending funds to accounts not specified in the purchase contract
• Using unclear payment references
• Failing to provide complete source-of-funds documentation
• Ignoring exchange rate fluctuations

Why choose VelesClub Int. and UNIBROKER

VelesClub Int. and UNIBROKER provide secure, compliant property payment solutions for buyers worldwide:

• Licensed agency-model transfers with full legal documentation
• Coordination with Greek banks, notaries, and legal advisors
• Alternative payment routes for restricted cases
• Multi-currency and cryptocurrency options
• Optional payment insurance for maximum security
• Transparent fee structures and exchange rate planning

Final thoughts

Paying for property in Greece from abroad requires careful planning and the right partners. By selecting a secure payment method and working with licensed professionals, you can complete your purchase smoothly, protect your funds, and meet all legal requirements for a successful investment.

Explore our full range of global services to discover tailored solutions for your property payments, international transfers, and cross-border investments.